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WDC

Western Digital CorporationClose $681.08EOD only
Max Pain
$415.00
Next expiry Jun 18, 2026
Expected Move
±$43.80
6.4% from close
Price Gap
-266.08
Distance to max pain
IV Rank
100
High premium
P/C OI
1.39
Slightly put-heavy
Consensus
4/4
Partial coverage
Published snapshot: Jun 16, 2026 close
End-of-day snapshot

This page reflects WDC options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.

Published Snapshot
Jun 16, 2026 close
WDC Flow Report
Analysis based on market close June 17, 2026
DirectionalTheta GangFlowEarningsConsensus

Historical consensus-supported lens with full content, report chain context, and metric rail.

Flow Verdict

BiasBullish
Confirmation: Sustained spot above $700 with continued call buying and positive GEX pinning.
Invalidation: Break below $500 gamma flip or put volume exceeds call volume.
Confidence:
7.5 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -1 spot 61.8% from MP; +0.5 VIX 18

Watch next session: $800 call volume; $720 spot; $500 gamma flip

Flow Summary

Net premium: +$280.3M bullish

P/C volume ratio: 0.82

P/C OI ratio: 1.36

NVDA saw heavy call buying across strikes with $280M net premium and positive GEX pinning. Strong flow suggests bullish positioning into expiration.

Notable Prints

#1
WDC 2026-10-16 $850.00 Call
Vol: 557
OI: 102
Vol/OI: 5.5x
IV: 98.6%
Notional: ~$7.0M
Intent: Speculative

Read-through: Bullish

#2
WDC 2026-06-18 $485.00 Put
Vol: 878
OI: 171
Vol/OI: 5.1x
IV: 208.2%
Notional: ~$16K
Intent: Hedge

Read-through: Bearish

#3
WDC 2026-06-26 $980.00 Call
Vol: 4,414
OI: 925
Vol/OI: 4.8x
IV: 102.4%
Notional: ~$697K
Intent: Speculative

Read-through: Bullish

#4
WDC 2026-06-18 $680.00 Put
Vol: 681
OI: 156
Vol/OI: 4.4x
IV: 78.5%
Notional: ~$368K
Intent: Hedge

Read-through: Bearish

#5
WDC 2026-06-18 $770.00 Call
Vol: 683
OI: 171
Vol/OI: 4.0x
IV: 84.0%
Notional: ~$187K
Intent: Bullish

Read-through: Bullish

Institutional Positioning

Call additions: Call volume concentrated at 720, 770, 800, 850, 980 strikes; notable 4,414 vol at 980C.

Put additions: Put buying at 485, 490, 680 strikes; 878 vol at 485P.

GEX/DEX consistency: GEX +$8.2M bullish pinning, DEX +14.2M long; consistent with call flow.

OI clusters: Largest OI: 800C (1,218), 980C (925), 720C (630); heavy put OI below 500.

Hedging evidence: Gamma flip at 500 signals put hedging; OTM puts protect long positions.

Max pain context: Spot above MP (~690); pinning expected near 720-800 call walls.

Signal vs Noise

~Sustained call buying at 800/980 is genuine upside signal.
~Put volume at 485/490/680 is hedging noise, not bearish.
~High IV on puts vs calls indicates protective buying.

Key Conclusions

📈Institutions adding calls at 720-980, targeting upside breakout.
🛡️Put hedges at 485-680 limit downside risk below 500.
⚡GEX pinning and spot above MP suggest resistance near 800.
How to Use These Reports
This flow reflects the market close on June 17, 2026.
What the reports do

Each report translates the same market-close options snapshot into a specific lens such as directional bias, premium-selling posture, flow quality, or earnings setup.

How traders use them

Reports are most useful for narrowing the playbook, surfacing entry and risk context, and deciding which raw data page to inspect next.

What to remember

These are interpretation layers, not execution guarantees. Validate the setup against chain liquidity, expected move, and exposure before sizing risk.

If the report conviction and the raw data disagree, slow down and resolve the mismatch before sizing risk.